According to Andre Gundar Frank,what Effect Did the Development of Capitalism

question 117

Multiple Choice

According to Andre Gundar Frank,what effect did the development of capitalism have on the Global South?

• A) Capitalism aided in the modernization of the poorer countries.
• B) The capitalist system generated underdevelopment.
• C) Capitalist enterprises aided in the development of democracies.
• D) Foreign investment helped build civil infrastructure.

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Definitions:

Donor's Adjusted Basis

The value used for tax purposes to determine the gain or loss when property is given as a gift, generally the cost basis of the donor at the time of the gift.

Fair Market Value

The price that property would sell for on the open market, between a willing buyer and a willing seller each having reasonable knowledge of all pertinent facts.

Gift

A transfer of property or assets from one individual to another without the expectation of payment or anything in return.

Landscape Business

A business involved in modifying the visible features of an area of land, including flora, terrain shape, and structures.